BWMXBetterware de México, S.A.P.I. de C.V.
Is it safe?
Nothing alarming, nothing pristine: comfortable debt (A) and typical volatility.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Moderate price swings, typical volatility. Worst drawdown -86% · now 14% below its 52-week high.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can BWMX take a bad year?
Betterware de México, S.A.P.I. de C.V. carries $5.68B of net debt at 2.10× EBITDA: a load its earnings can carry.
Net debt · as at FY2024 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 2.10×
Net debt / EBITDA · 1.83× a year ago · the load is going up
- Interest cover
- 3.46×
Interest cover · operating profit covers the interest bill, with room to spare
- Annualised volatility
- 41%
Annualised volatility · roughly twice as jumpy as the market
Details›
- Total debtFY2024
- $5.98B
- Cash and short-term investments
- $305M
- Net debt
- $5.68B
- EBITDA, trailing twelve months
- $2.70B
- Operating profit, trailing twelve months
- $2.22B
- Debt / equity
- 5.14×
- Total debt / EBITDA
- 2.22×
- Annualised volatilitytwo years of daily moves
- 41%
- Worst drawdown on file
- −86%
- Below its 52-week high
- 14%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.